Posted inEconomy Editorials GS Paper-3
Key Economic Focus Areas for India’s Next Government
Introduction Significant highs and lows have marked India's economic journey over the last decade. The country experienced robust GDP growth…
The Production-Linked Incentive (PLI) Scheme is an initiative by the Government of India aimed at boosting domestic manufacturing and reducing import dependency. Launched across multiple sectors, the scheme offers financial incentives to companies based on their incremental sales of products manufactured in India.
Key Highlights:
The Production-Linked Incentive (PLI) Scheme is a strategic move by the Indian government to transform the manufacturing landscape of the country. By providing targeted incentives, the scheme aims to make India a global manufacturing hub, driving economic growth, creating jobs, and enhancing the nation’s industrial capabilities.